LED LIGHTING LED in Road and Street Lighting Report The first in-depth report covering an LED lighting application market. A global business reaching almost $516M at the system level by 2016. Market & Technology Report REPORT OUTLINE • Title: LED in road and street lighting • June 2013 • Market & Technology Report • PDF & Excel file • €5,990 - Multi user license (180+ slides) • €2,490 - Executive summary (20+ slides) KEY FEATURES OF THE REPORT • Detailed overview of road and street lighting applications • Supply chain analysis • Business chain analysis • LED value proposition and associated drivers analysis • LED module technology roadmap analysis • LED luminaire and packaged LED market metrics forecast (units and value): 2008–2020 RELATED REPORTS* • Status of the LED Industry • LED Packaging • LED Front-End Manufacturing • OLED for Lighting • Osram Oslon Square SSL LED * Available at http://www.i-micronews.com/led/reports/ In less than a decade, LED technology has created more turmoil in the lighting industry than anything occurring over the previous century. Every professional agrees that what used to be a conservative, well- controlled market is undergoing a massive change, referred to as “the LED revolution”. Therefore, it’s high time to take a close look at what’s happening and why, since each General Lighting application, be it indoor or outdoor, has its own way of adopting LEDs. Outdoor lighting is no stranger to revolution. In fact, today it’s one of the two most dynamic General Lighting market segments for LED adoption. Within the segment, architectural lighting was the early adopter, but the main driver these days is definitely road and street lighting. Historically the largest outdoor segment, it now offers the best prospects for LED development in professional exterior lighting. Road and street lighting is a very attractive market, with EBIT levels generally between 5 - 15% and steady growth despite the economic downturn. We estimate that LED luminaire revenue will reach $435M in 2013 and peak at $516M by 2016, fuelled by the increased need for energy efficiency. Growth will be driven firstly by tunnel lighting, and then relayed into highway, road, residential and amenity lighting applications starting in 2014. By 2017, market size should decline because of a decreasing replacement market (due to LED-based systems’ higher lifetime) and also because of LED Luminaire’s ASP. ROAD AND STREET LIGHTING IS A KEY DRIVER FOR LED TECHNOLOGY IN GENERAL LIGHTING This report presents all road and street lighting applications and associated market metrics within the period 2008-2020 for each application and region, detailing drivers & challenges, key players, associated volume/market size (luminaires installed base, LED luminaire and packaged LED sales), and LED penetration rate. LED luminaire market size ($M) (Lux Fit, June 2013)
Transcript
LED LIGHTING LED in Road and Street Lighting Report
The first in-depth report covering an LED lighting application market. A global business reaching almost $516M at the system level by 2016.
Market & Technology Report
REPORT OUTLINE
• Title: LED in road and street lighting
• June 2013
• Market & Technology Report
• PDF & Excel file
• €5,990 - Multi user license (180+ slides)
• €2,490 - Executive summary (20+ slides)
KEY FEATURES OF THE REPORT
• Detailed overview of road and street lighting applications
• Supply chain analysis
• Business chain analysis
• LED value proposition and associated drivers analysis
• LED module technology roadmap analysis
• LED luminaire and packaged LED market
metrics forecast (units and value): 2008–2020
RELATED REPORTS*
• Status of the LED Industry
• LED Packaging
• LED Front-End Manufacturing
• OLED for Lighting
• Osram Oslon Square SSL LED
* Available at http://www.i-micronews.com/led/reports/
In less than a decade, LED technology has created more turmoil in the lighting industry than anything occurring over the previous century. Every professional agrees that what used to be a conservative, well-controlled market is undergoing a massive change, referred to as “the LED revolution”. Therefore, it’s high time to take a close look at what’s happening and why, since each General Lighting application, be it indoor or outdoor, has its own way of adopting LEDs.
Outdoor lighting is no stranger to revolution. In fact, today it’s one of the two most dynamic General Lighting market segments for LED adoption. Within the segment, architectural lighting was the early adopter, but the main driver these days is definitely road and street lighting. Historically the largest outdoor
segment, it now offers the best prospects for LED development in professional exterior lighting. Road and street lighting is a very attractive market, with EBIT levels generally between 5 - 15% and steady growth despite the economic downturn.
We estimate that LED luminaire revenue will reach $435M in 2013 and peak at $516M by 2016, fuelled by the increased need for energy efficiency. Growth will be driven firstly by tunnel lighting, and then relayed into highway, road, residential and amenity lighting applications starting in 2014. By 2017, market size should decline because of a decreasing replacement market (due to LED-based systems’ higher lifetime) and also because of LED Luminaire’s ASP.
ROAD AND STREET LIGHTING IS A KEY DRIVER FOR LED TECHNOLOGY IN GENERAL LIGHTING
This report presents all road and street lighting applications and associated market metrics within the period 2008-2020 for each application and region, detailing drivers & challenges, key players, associated volume/market size (luminaires installed base, LED luminaire and packaged LED sales), and LED penetration rate.
LED
lum
inai
re m
arke
t si
ze (
$M
)
(Lux Fit, June 2013)
LED in Road and Street Lighting Report
Designing with LED implies major changes for conventional luminaire
manufacturers – mostly at the optical, electrical and physical levels. With the
move to LED technology, traditional luminaire manufacturers face dramatic
organizational changes, such as integrating electronic competencies, upgrading
optical competencies, taking ownership of the light source (SSL), and revamping
production organization. Consequently, internal revolution is required within
luminaire companies in order to take full advantage of the LED boom.
This report analyzes the LED value proposition in road and street lighting,
detailing: major changes between conventional luminaire and LED luminaire,
how LED technology can be applied to road and street lighting (drivers, key
decision-making criteria, impacts of LED adoption on the overall industry),
associated lighting design requirements, etc.
A NEW APPROACH TO LUMINAIRE DESIGN REQUIRING NEW MANUFACTURER COMPETENCIES
Around the world, LED adoption in road and street lighting has benefitted from
financial incentives to hasten the change. Whilst recession in many economies has led
some governments to revise their subsidizing policies, others have maintained them,
and other support forms are emerging. However, in many countries, public end-users
are now faced with a dilemma: invest in public lighting (mainly because of increasing
urbanization and the need to implement energy efficient systems) or reduce spending
(less public money available, political pressure, etc.).
As a result, public end-users are turning more and more to new business models
that provide energy efficient lighting at reduced initial costs, such as Public Private
Partnerships (PPPs) and performance contracts (ESCOs).
This report presents an overview of LED technology drivers, detailing: technology
drivers, application drivers and economic drivers.
DEVELOPING NEW BUSINESS MODELS TO INCREASE LED’S PENETRATION RATE
Conventional luminaire vs. LED luminaire: main design differences
(Lux Fit, June 2013)
Compared to other lighting applications (residential, commercial, etc.), the
outdoor lighting supply chain involves more associated/parallel industries, such
as the pole and bracket industry, the control industry and the cable industry.
As is the case for other lighting applications, these industries must also redesign
their products in order to make their business sustainable: smaller-size pole and
bracket equivalents due to LED miniaturization, new power supply and control
capacities due to LEDs’ higher start current, etc.
At the business chain level, outdoor lighting is also quite unique in terms of
involving different player types: end-users and specifiers such as municipalities,
lighting designers, installers, etc. With LEDs offering longer lifetime, better
energy savings and increased aesthetic potential, each player must adapt its
activity to make best use of the technology.
This report presents an overview of the road and street lighting (conventional
and LED) industry’s supply chain and business chain, detailing: each player’s
role, main industrial trends, impact of LED integration, etc. Also, company
profiles are provided for eight key LED luminaire manufacturers.
THE PATH TO AN OUTDOOR LIGHTING MARKET INVOLVES SEVERAL PLAYERS WHICH HAVE ALREADY EMBRACED MAJOR CHANGES
Outdoor lighting projects: path to market
(Lux Fit, June 2013)
bureau designer
Facility manager
Roles
• To provide a comprehensive description of the
road and street lighting market’s status, evolution,
technologies and industry playground.
• To describe in-depth how LEDs are penetrating
the road and street lighting market (drivers,
strategies, players, technologies) and how they will
> Applications - Outdoor lighting applications - Road and street lighting - From watts to lumens> Market data - Market size ($) and volume (Units) - 2012 data> Main business chain actors - Path to market for outdo or lighting projects - End-users - Specifiers and influencers - Installers - Distributors - Manufacturers> Supply chain - Conventional road and street lighting supply chain - Trends> Market drivers - Safety, security and quality of life aspects - Environmental aspects - Economic aspects - Regulatory and standardization aspects
• The LED value proposition 68
> Conventional luminaire vs. LED luminaire: A new approach to luminaire design - Conventional luminaire vs. LED luminaire - LED strengths and weaknesses> LED technology applied to road and street lighting - Drivers for LED adoption in road and street lighting - The new key decision-making criterion: ROI - Focus on mesopic photometry: a new LED performance evaluation - Focus on melatonin secretion - Alternative technologies - Impact of LED adoption on the poles and brackets industry - Impact of LED adoption on the controls industry - Focus on telemanagement - Focus on smart grids - Lighting design requirements> LED technology applied to road and street lighting - Operation and maintenance requirements - Focus on lifetime and “the warranty war” - Economic requirements - Regulation and standards: expectations and fulfilment - Luminaire design standardization: LED replacement and upgrade - Technological next-steps and consequences
- Focus on glare issue
> Overview per application
> LED light engine technology
- Highway and road lighting
- Residential and amenity lighting
- Tunnel lighting
• LED supply chain 115
> Introduction
- LED road and street lighting supply chain
- Competitive landscape
> Key player profiles:
- Cooper; CREE; General Electric; Osram; Philips; Schréder;
Toshiba; Zumtobel
• LED technology drivers 130
> Technology drivers
- Expected LED cost
- Impact of technology improvements
- Service and upgrade
- Role of the component technology roadmap
- Trend: a new automotive lighting approach
> Application drivers
- Intelligent lighting
- Less lumen, more current
- 100% LED in tunnels
> Economic drivers
- Energy efficiency
- Impact of global urbanization
- New business models
- Industry trend: toward vertical integration
• Market metrics and trends: the LED revolution 148
> Lumen consumption forecast
- General lighting
- Road and street lighting
> LED adoption for road and street lighting
- Adoption by application
- Adoption by region
> Luminaire market for road and street lighting
(System level)
- Total luminaire market for road and street lighting
- LED luminaire market for road and street lighting
> Packaged LED market for road and street lighting
(Device level)
- Market volume (2008-2020)
- Market size (2008-2020)
• General conclusion 170
• Appendix 173
AUTHORS
Pars Mukish holds a master degree in
Materials Science & Polymers and a
master degree in Innovation & Technology
Management (EM Lyon – France). He works at
Yole Développement as Market and Technology
Analyst in the fields of LED, Lighting
Technologies and Compound Semiconductors
to carry out technical, economic and marketing
analysis. Previously, he has worked as
Marketing & Techno-Economic Analyst at the
CEA (French Research Center).
Christophe Richon is a professional of
international marketing with over 20 years of
experience, and a strong expertise in lighting.
He worked for major players such as Legrand,
Philips, Zumtobel and GE, in market, product
and training management roles.
In 2012, he created Lux Fit, his consultancy,
to support businesses worldwide with their
marketing, strategy and training activities.
Christophe holds an MBA from the University
of Ottawa and graduated from ESCP Europe,
the Paris Management School.
LED in Road and Street Lighting Report
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